AGP Executive Report
Last update: 10 hours agoASIC Beneficial Ownership Rules: ASIC has finalised its enhanced substantial holding and beneficial ownership regime, effective 4 Dec 2026, with old/new SHN forms usable until 4 Jun 2027 and tighter rules on how deemed economic interests and offsetting short positions are calculated. M&A Contract Law: A new Australian M&A briefing argues “good faith” isn’t a free-standing obligation and can’t rescue an incomplete bargain, urging deal teams to draft triggers, timings and discretion limits clearly. Mortgage Pressure Watch: Multiple reports highlight rising mortgage stress and the likelihood of further rate hikes, with banks issuing urgent warnings to borrowers. Private Credit Stress: ASIC and market commentary point to “first significant cracks” in Australia’s private credit sector as developers stumble and investor redemptions come under pressure. Fintech Market Moves: Buy-now-pay-later stocks jumped after strong results and deal chatter, while PayPal slid on the reported collapse of a $50bn Stripe/Advent bid. Global Rates Backdrop: Fed chair Kevin Warsh’s inflation warning lifted expectations for higher US rates, feeding into global market sentiment including the Australian dollar. Governance & Audit Fallout: KPMG Australia’s audit scandal continues to drive layoffs and contract fallout, keeping compliance and risk front of mind for financial services.
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